Loom

The Securities and Exchange Commission (SEC) has warned Nigerians to run away from a new online fraud packaged as investment scheme tagged ‘Loom Money Nigeria’. This was made known on Thursday by the Acting Director General of SEC,…

Loom, a new Ponzi scheme which has been described by a top-notch media as a new dangerous money-making scam, is presently taking over the Nigerian internet, targeting young people on social media. According to Daily Mail, ‘the scheme…